IIMB gets 180 slot zero offers, highest in IIMs

The Indian Institute of Management Bangalore has bagged 180 "slot zero" (the first two days) offers for the batch of 348 students for year 2010, the highest across all IIMs for summer placements.

"The entire batch of 348 students, the biggest ever batch at IIMB, was placed within a span of five days by over 150 companies, with as many 180 slot zero offers being made, the highest across all IIMs", Prof P D Jose, Chairperson of the Placement Committee, told reporters here yesterday.

More than 50 per cent of the batch was placed by the end of Slot Zero (the first two days of placement offers).

The major recruiters included Goldman Sachs, Citi, HSBC, ABG, Nomura, Bain & Co, Standard Chartered, A T Kearney, Boston Consulting Group, McKinsey & Co, Credit Suisse, Macquarie, Merril Lynch, Morgan Stanley, J P Morgan and Barclay's Capital.

Recruiters from Sales & Marketing formed the major chunk (21 per cent) as a result of more number of FMCG companies this time, followed by Investment Banking (19 per cent), finance (16 per cent), consulting (15 per cent), general management (12 per cent), IT (9 per cent) and private equity (three per cent).

"There was a welcome jump in Investment Banking this time compared to last year (14 per cent). It was Investment Banking which occupied the top slot last time as far as recruiters were concerned", Jose said.

Eightynine major offers were made with the highest from Goldman Sachs (13), closely followed by Citi and HSBC (nine each).

Detailing the highlights for the summer placements for 2010, Jose said a total number 64 students are interning abroad with the Blackstone Group, recruiting the first ever summer intern for their real estate PE London Desk at IIMB.

Firms like Goldman Sachs, Citi and Standard Chartered recruited highest number of interns from IIMB while international firms like Cowell & Lee, Sing Tel and Alvarez & Marshal, Morgan Stanley Private Equity recruited interns only from IIMB, he said.

Strategic Management roles were offered by Indian majors like TAS, Aditya Birla Group, IBM, Wipro Consulting and Mahindra & Mahindra.

There was representation from the real estate sector with companies like JLLM participating for the first time.

The other first timers included marketing firms like J&J Medical, GSK, Samsonite Heinz; Private Equity Funds like Morgan Stanley Private Equity, Blackstone Group and Investment Banks & Financial Services including Nomura, Credit Suisse and Helion Ventures.